Business goals

How Asante’s Bloom Loan helps SMEs achieve their business goals

How Asante’s Bloom Loan helps SMEs achieve their business goals

By Lynnet Okumu / Posted on June 3, 2022 | 10:47

KEY POINTS

The Bloom loan provides clients with rapid financing solutions for their expansion, working capital and operational needs. It is tailor-made for Safaricom Lipa Na M-Pesa traders, facilitating access to fast and convenient credit for their businesses up to 200,000 shillings.

KEY POINTS TO REMEMBER

Asante Financial Services Group has made Bloom Loan easy to access with effortless repayment. The idea behind the unsecured loan is to make it very convenient for the smooth running of your business without the tedious processes and lengthy paperwork required to acquire funds to expand your business.

As the world embraces new technologies and businesses find new ways to evolve and grow, Asante Financial Services Group strives to be an integral part of this journey.

The Group has been working with micro and small businesses since 2018 to help them realize their potential by providing them with innovative financial solutions and exceptional customer experience that aim to see them excel in the industries they serve.

That’s why they launched the Bloom Loan by Asante, a product that gives clients quick access to the financial assistance they need to achieve their business goals.

What is Bloom Loan By Asante?

Bloom Loan is a simple solution to meet the merchant’s immediate capital needs since every business deserves the opportunity to grow.

This product provides customers with rapid financing solutions for their expansion, working capital and operational needs. It is tailor-made for Safaricom Lipa Na M-Pesa traders, facilitating access to fast and convenient credit for their businesses up to 200,000 shillings.

Who is eligible for the Bloom loan product?

Bloom Loan is willing to partner with any business that has an active Lipa Na M-Pesa cash merchant that has been in business for at least 3 months.

All you need to do is quickly register through your merchant device by dialing *310# to register, and you can start accessing credit.

How does Bloom Loan By Asante work?

Once you sign up through *310#, your limit will be shared and you can apply for your loan based on that.

You will receive your funding shortly after you apply through your merchant account.

Bloom Loan rates each business differently and has custom loan limits for each business. Loan limits are scored based on your cash transaction history, credit history, and relationship with Lipa Na M-PESA.

It’s also worth noting that Bloom Loan assigns loan limits to each store you’ve registered individually. This allows a customer to have different credit limits at different stores and access loans separately.

Reimbursement is just as easy. It can be made in full or partial installments depending on the term of the loan, allowing you to choose from the following for your business needs, including:

  • 21 day loan at 7.6%
  • 7 day loan at 2.6%
  • 1 day loan at 0.4%

The earlier you pay, the higher the loan limit.

Asante Financial Services Group has made Bloom Loan easy to access with effortless repayment. The idea behind the unsecured loan is to make it very convenient for the smooth running of your business without the tedious processes and lengthy paperwork required to acquire funds to expand your business.

Bloom Loan is all about growth and inclusion. Let your business flourish with Asante Financial Services Group.

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